Quantitative Analyst

Job description

Role Title: Quantitative Analyst

Business: Finance
New or Existing Role? New
Grade: GCB5

Role Purpose
·
PC Global Analytics is a global function with representation in London, Paris, New York, Hong Kong and other financial centres. It is part of Group Finance with reporting lines to Product Control.

·
PC Global Analytics aims to ensure that derivatives pricings are at market standards and compliant with regulatory rules. It develops a robust framework in C++ and Python to distribute its quantitative solutions to all 40 Global Markets locations.

·
This role is for PC Global Analytics, within the Credit derivatives and liquidity work-stream, and will report into the head of the work-stream. The person will be working on maintaining, implementing and developing quantitative methodologies for fair value, prudent valuation and liquidity analytics, in p articular developing advanced analytics leveraging Machine-Learning for automation and forecasting.

· The individual would provide quantitative support to Product Control, key liquidity management stakeholders, work on addressing model findings and deficiencies, and will work closely with Model Review functions.

Key Accountabilities

Impact on Business

· Development and implementation of data-driven analytics and machine learning tools within existing Python Library
· Work on definition and implementation of Credit derivatives valuation and liquity analytics methodology.
· Establishing suitable governance for statistical / machine leaning – based models and approaches


Customers / Stakeholders

· PC senior management, Project Sponsors, Project Managers, GB&M business and Management Office, BSM, ALCM, banking regulators.


Leadership & Teamwork

· Work with other areas within PC Analytics, Finance IT, Product Control, Group Finance, Liaise and work together with key stakeholders.

Operational Effectiveness & Control

· Encourage efficient and streamlined processes for PC Global Analytics.
· Ensure policy / methodology consistence across all business areas as well as across all sites globally
· maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external Regulators;
· understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the areas in which you are involved specifically Internal
· Controls and any Compliance policy including, inter alia, the Group Compliance policy
· Ensure that there is full compliance with the Global Markets FIM

Major Challenges
· Delivery of concise and explainable results coming from statistical / ML techniques.
· Ensure deliverables are aligned to expectations and timelines, ability to work under pressure
· Ensure our models and methodologies are compliant with regulatory requirements
· Ability to adapt to sudden changes in requirements and managing stakeholder expectations
· Communication with various key stakeholders globally
· Ensuring accuracy and high quality of deliverables

Role Context
· Establish close links with Product Control, Finance IT and Business Stakeholders
· Assist in addressing regulatory driven initiatives and change.
· Close working contact with senior managers (from the Business, Product Control and Market Risk).
· Maintenance of excellent relationships with internal clients and external auditors / regulators.
· Complexity of markets and products make this a challenging and interesting role.

Management of Risk
·
Ensure that team governance and procedures are managed in accordance with the Group Standard Manual, Market Risk and Finance FIM, PC best practice guidelines and regulatory environment.

Observation of Internal Controls

·
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

Education& Experience:

·  University degree (Class 2:1 or equivalent)
·  Masters or PhD degree in Quantitative Finance or in a numerical subject (Maths, Physics, Computer Science, Data Science)

Skills and Competencies:

·  Strong analytical and problem solving skills
·  Knowledge of financial products and their derivatives and cashflows
·  Good working knowledge of Python, data management, SQL and source control
·  Experience in development of data science / machine-learning solutions
·  C++ is an advantage
·  Excellent communication skills (both written and verbal)
·  Attention to detail and consideration of timelines
·  Relevant working experience

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview